Holcim Indonesia set to increase income

PT Holcim Indonesia said it is set to register a 30 per cent increase in income to Rp4.88 trillion (US$530m) this year from Rp3.75 trillion last year.

The company is optimistic it will perform better in the second half of his year than in the previous six months, company’s relations management director Rusli Setiawan sad.

Rusli said in he first half of this year the company posted Rp2.05 trillion in income or an increase of 28 per cent form the same period last year.

Cement consumption has continued to increase and is expected to continue in the rest of this year, he said.

The country’s cement consumption is predicted to reach 38 million tons this year and the Indonesian unit of Swiss Holcim Ltd hopes to have a 16 per cent market share, the newspaper Investor Daily said.